Watkins Institute

Nonprofit profile at a glance

EIN
620475751
IRS 990 coverage
2009–2019
Forms available
Form 990 2019
Location
Nashville, TN, USA
Phone
6152777411
Rating confidence
Limited
Sector
Undergraduate College (4-year)

Official website

Reported finances

Revenue
$0
Expenses
$0
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • STEVE SIRLS (PRESIDENT)

People named in this filing

  • SAMUEL E STUMPF JR (BOARD CHAIR)
  • TAYLOR H HENRY (SSECRETARY/TREASURER)
  • SUSAN A BASHAM (COMMISSIONER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The watkins college of art challenges individuals to develop their talent, refine their creative practice, and dedicate their lives to advancing culture through the illuminating power of art.

What it reported doing in 2019

Watkins was founded in 1885 and operates as an independent 4 year college to educate artists, designers, and filmmakers. The institution is accredited by the national association of schools of art & design and the southern association of colleges and schools commission on colleges. The college offers a bachelor of fine arts degree in 5 majors - film, fine art, graphic design, interior design, and photography. The college also offers a bachelor of arts degree in art. In fall 2016, a film mfa program was begun. A community education program has always been an integral part of watkins operations.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 78
  • Accountability: 24
  • Sustainability: NotEnoughData
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 86.7%; rating input score 87; 4th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: Limited
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -13.4% per year; rating input score 0; 28th percentile among comparable filings
  • Revenue growth: -6.7% per year; rating input score 0; 41st percentile among comparable filings
  • Asset growth: -4.3% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 25 people listed
  • Consistency: 9 of 10 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules
  • Filing history: 11 filing years from 2009 to 2019
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.